ANI Pharmaceuticals Completes Acquisition of Novitium Pharma
ANI Pharmaceuticals, Inc. has successfully completed the acquisition of Novitium Pharma, a New-Jersey-based pharmaceutical company.
Based in Baudette, Minnesota, ANI Pharmaceuticals is an integrated specialty pharmaceutical company developing, manufacturing, and marketing high quality branded and generic prescription pharmaceuticals.
With the combined forces of Novitium and ANI Pharmaceuticals, the company is looking forward to expanded R&D capabilities. The acquisition brings aboard a world-class R&D engine in the generic and 505(b)(2) sectors as well as a highly-compliant US based manufacturing facility. With these additions, they are well positioned for sustainable growth.
“ANI is thrilled to welcome the expertise and leadership of Novitium’s founders, Samy Shanmugam, Chad Gassert and Vijay Thorappadi, along with over 100 talented and dedicated employees, who have joined the ANI team. Our robust product pipeline includes several more CGT and 505 (b)(2) candidates and will be further expanded to maximize the value of our bolstered R&D engine,” said Nikhil Lalwani, President and Chief Executive Officer of ANI.
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